The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,675 shares of the company's stock after purchasing an additional 3,466 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in J. M. Smucker were worth $5,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in J. M. Smucker during the fourth quarter worth approximately $112,978,000. LSV Asset Management boosted its stake in shares of J. M. Smucker by 3,599.5% in the fourth quarter. LSV Asset Management now owns 929,400 shares of the company's stock valued at $102,346,000 after buying an additional 904,278 shares during the period. Two Sigma Advisers LP lifted its stake in J. M. Smucker by 76.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company's stock worth $118,808,000 after purchasing an additional 468,200 shares during the last quarter. FIL Ltd lifted its stake in J. M. Smucker by 87.8% during the fourth quarter. FIL Ltd now owns 925,000 shares of the company's stock worth $101,861,000 after purchasing an additional 432,500 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in J. M. Smucker by 21.0% during the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock worth $265,942,000 after purchasing an additional 418,878 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

NYSE:SJM traded down $1.01 during trading hours on Thursday, reaching $103.82. 1,095,162 shares of the company were exchanged, compared to its average volume of 1,292,105. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The firm has a market cap of $11.06 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 8.01 and a beta of 0.31. The stock's 50-day moving average is $107.55 and its 200-day moving average is $109.01. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. J. M. Smucker's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.66 earnings per share. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.16%. J. M. Smucker's dividend payout ratio (DPR) is presently -37.37%.

Insider Activity

In other news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SJM shares. DA Davidson decreased their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Bank of America decreased their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Wells Fargo & Company cut their price target on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, June 11th. Barclays lowered their price target on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Finally, UBS Group decreased their price objective on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $115.80.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.